A company had the following cash flows for the year:(a)Purchased land, $60,000(b)Borrowed from a local bank, $100,000(c)Paid employee salaries, $50,000(d)Issued common stock, $75,000(e)Paid dividends, $20,000(f)Sold equipment, $40,000(g)Sold services to customers, $120,000What amount would be reported for net financing cash flows in the statement of cash flows?
A. $40,000.
B. $70,000.
C. ($20,000).
D. $155,000.
Answer: D
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